Using our Ofgem approved energy switching platform, you can compare the best gas and electricity deals from UK energy suppliers in just a few minutes.
Our system is fully integrated with industry databases to automatically confirm who your energy supplier is and even how much energy your property currently uses.
To do this, simply enter your postcode and select your property.
As we will automatically confirm your existing energy supplier(s), the next thing to do is to confirm which energy tariff you are on. If you've never switched, or your current tariff has recently expired, you will be on your existing energy supplier's "Standard Variable Tariff" - also known as an SVT. Of the 29m UK homes, it is believed that 22m of them are now on these tariffs.
Next up, confirm how much energy you use in kilowatt hours (Kwh) or enter in your current spend. NOTE: If entering your spend, for those who have a dual fuel tariff (meaning both fuels are with the same supplier), simply split the amount in half. For example, if you spend £100 per month on your gas and electricity, enter this in as £50 per month on your gas and £50 per month on your electricity.
We must stress here that for the most accurate energy price comparison, we strongly advise you enter in your annual consumption in kilowatt hours (kwh) which will be on your most recent energy bill. If not, go with what our system is automatically showing you...it's accurate to the latest set of data your existing energy supplier holds on your property.
That's it. Our energy switching platform will now use your details to compare all of the best energy deals in the market to work out how much they will cost and, depending on market conditions, how much you could save on your energy bills by switching.
The list below shows the best energy deals available on the market today:
| Supplier | Tariff Name | Estimated Annual Bill | |
|---|---|---|---|
| {{ tariff.supplierName }} | {{ tariff.tariffName }} | £{{ tariff.bill.toFixed(2) }} | Compare Now > |
For comparison purposes, energy prices shown above are based on the London region ONLY. Prices may vary depending on the region you live in. To see the best deals for where you are, run a comparison using our Ofgem approved energy switching tool.
The list of variables is significant and includes things such as:
• The energy supplier's pricing strategy i.e. whether they operate in the spot market or whether they hedge and buy in their energy in advance.
• Global energy conditions such as the price of gas which is supplied from around the world in which we're therefore competing against other countries to bring this gas in to enable us to generate electricity (remember around 50% of the UK's electricity is still produced using gas in through "Combined Cycle Gas Turbines" - CCGT.
• The increasing use of renewable energy also plays a role meaning the UK can rely less on imports from mainland Europe if our own renewable energy sources are working to full capacity such as solar, hydro and wind.
• Demand plays a huge part in it too and thus is impacted dramatically by the weather. If our demand surges during a cold snap and we don't have sufficient storage capacity this can impact the price of energy passed through to consumers.
With the above examples of key factors effecting energy prices, the best advice for consumers is to opt for a fixed rate energy tariff instead of a standard variable tariff. In doing so, you are protecting yourself against the unknown macroeconomic factors meaning the price you pay for each kilowatt of energy used remains the same for the duration of your tariff. This does however mean that should energy prices fall you won't reap the benefits but even then you can always terminate and switch energy suppliers again. However, please note, this may carry an exit fee of around £35 per fuel so please be sure to read ourwhen to leave your supplier without a penalty guide. To benefit from falling gas and electric prices, you will have to switch to a variable rate tariff.
The biggest step is to make sure you're not on your energy companies standard, or default, energy tariff. Anything on your energy bill saying "standard" is a guaranteed sign that you are paying too much and you need to compare energy prices and switch ASAP.
You also need to ensure your energy bills are accurate by making sure you are submitting regular meter readings. If you have a smart meter (latest statistics show there are now 14 million installed in domestic premises), this will be happening automatically but if not you need to take a reading and call your energy supplier or submit it online. If you have a gas meter, and want to know how to convert the reading in to kilowatt hours, use our handy gas units converting tool.
Next step is to focus on the energy efficiency of your property and knowing when and where you are using most of your energy. Our energy saving tips can provide you will you need to know to reduce your energy consumption and therefore save money.
If you currently have two separate energy suppliers, you could benefit from transferring this to one supplier on what is called a dual fuel tariff. This means both your gas and electricity is on the same tariff and billed together.
The Energy Shop is a free, independent and impartial energy price comparison service. We can help you compare and switch energy suppliers to help you save money. Our service is accredited by the Ofgem Confidence Code.
